Tesla has commented on the new massive overnight price cuts on Model 3 and Model Y and claimed that they are due to “a partial normalization of cost inflation.” We reported last night that Tesla implemented massive price cuts of up to $13,000 on Model 3 and Model Y vehicles in the US. Similar price
Month: January 2023
The Group of Seven’s oil price cap scheme intended to limit Russian oil export revenues is working “so far so good,” according to Amos Hochstein, special presidential coordinator to President Joe Biden. “As oil prices have come down, there’s no doubt that the price cap has, so far, and there’s a long way to go,
Jan 13, 2023 The Carlos Correa saga that loomed over baseball’s offseason finally came to an end this week, meaning the top 25 players in this year’s free agent class have all found homes. That doesn’t mean the hot stove is done cooking this winter. With moves still left to be made before spring training
Attempts to settle public sector pay disputes have been undermined by “spiteful” anti-strike legislation tabled by the government this week, the UK’s senior union official has told Sky News. Paul Nowak, general secretary of the Trades Union Congress (TUC), vowed to fight the proposed laws “tooth and nail”, and questioned whether ministers negotiating with public
Kevin Spacey has pleaded not guilty to sexual assault charges at Southwark Crown Court in south London. Appearing via videolink under his full name – Kevin Spacey Fowler – the two-time Oscar winner wore a pink tie, a light blue shirt and black blazer for Friday’s hearing. The 63-year-old spoke to formally enter his pleas
Good news has been in such rare supply in economics recently that it’s worth dwelling on it when it arrives. This morning, on Friday 13th of all days, the Office for National Statistics (ONS) announced that the economy had grown by 0.1% in November. This is hardly especially strong gross domestic product growth, but it’s
The economy grew by 0.1% in November, partly aided by the football World Cup, according to official figures which call into question predictions the UK is already in recession. Data from the Office for National Statistics (ONS) showed pressure on demand from the effects of high inflation, but a boost from people packing pubs and
The near $1.4 trillion collapse of the crypto market in 2022 didn’t make a dent to traditional assets like stocks or to the real economy. But one academic has warned that the failure of a major stablecoin could have an impact on the U.S. bond market, marking a potential new area that investors need to
At least six people have died in Alabama and one in Georgia as a powerful storm sweeps through the southern US, spurring a large tornado which damaged dozens of homes. Six of the deaths were reported in the Old Kingston community of Autauga County, spanning several properties. At least 12 people have been taken to
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Tim Cook, chief executive officer of Apple Inc., speaks during a “First Tool-In” ceremony at the TSMC facility under construction in Phoenix, Arizona, on Tuesday, Dec. 6, 2022. Caitlin O’Hara | Bloomberg | Getty Images Apple CEO Tim Cook will receive a pay cut in
The world has been begging Honda for years to bring to market an electric version of its famous Cub line of motorbikes. Now the company has finally done it with the recently launched Honda Cub e:, though it’s not exactly what we were looking for. In case you aren’t familiar, the Honda Cub and its
In this article XOM Follow your favorite stocksCREATE FREE ACCOUNT Gas prices are displayed at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images Three academics from Harvard and the University of Potsdam in Germany published a study in the journal Science on Thursday providing evidence that Exxon Mobil,
Singer Lisa Marie Presley, the only child of rock and roll legend Elvis, has died, her mother has said in a statement. The 54-year-old suffered a cardiac arrest at her home in Calabasas, California, on Thursday morning. Her mother, Priscilla Presley, said: “It is with a heavy heart that I must share the devastating news
In this article BTC.CM= FTT.CM= COIN Follow your favorite stocksCREATE FREE ACCOUNT The Securities and Exchange Commission on Thursday charged crypto firms Genesis and Gemini with allegedly selling unregistered securities in connection with a high-yield product offered to depositors. Gemini, a crypto exchange, and Genesis, a crypto lender, partnered in February 2021 on a Gemini
Rishi Sunak must stand up to the “Brexit purity cult” of Eurosceptics on the Tory benches to find a solution to the Northern Ireland Protocol deadlock, Sir Keir Starmer will say. The Labour leader will use a speech in Belfast to urge the prime minister to take on the European Research Group (ERG) in order
Hollywood actress Margot Robbie says she found it “liberating” playing a wild-child star of silent cinema in her new movie Babylon. Speaking at the film’s London premiere, she told Sky News: “I was allowed to do absolutely anything and it was just so liberating… it was just madness every day on set.” Oscar-winning filmmaker Damien
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